Listing ID: 81022
Business Overview
This diesel repair company has been in business for several years now and appears to have a great reputation in the industry. It is very well equipped and has a very extensive customer base. The owner is sincere about selling at a fair and reasonable price in order to retire from the industry. He suggest he is quite willing to share its past and present financial performance information with a sincere and able buyer. Contact The Pacific Group for additional information.
Financial
- Asking Price: $2,275,000
- Cash Flow: N/A
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Yes
Retiring from the industry
Additional Info
The business was established in 2003, making the business 19 years old.
The company has 7 employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine reason vs the one they say to you might be 2 completely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, however instead, utilize the vendor's answer together with your total due diligence. This will repaint an extra sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover items like inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new customers? Often times, operating businesses have repeat consumers, which develop the core of their everyday profits. Particular variables such as brand-new competition sprouting up around the area, roadway construction, and also personnel turnover can affect repeat customers and also negatively affect future profits. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood mean house earnings effect future earnings potential?
